The market in a line
Thu, Oct 29Choice cutout closed $1.72 lower at $367.28. 3 Iowa barns reported 87 priced lots.
Feeder steers
Iowa, week of Oct 26 USDAWeighted across every reported lot, by weight class. Weekly rather than daily — one day's barns are too thin a base for a state figure. Watch the barn count: a weight class carried by one or two barns is a thin figure, not a market.
| Weight | Price | vs prior week | Head | Barns |
|---|
| 400-499 lb | 513.72/cwt | $24.56 higher | 188 | 3 |
| 500-599 lb | 441.66/cwt | $15.83 lower | 366 | 3 |
| 600-699 lb | 384.44/cwt | $5.39 lower | 335 | 3 |
| 700-799 lb | 360.55/cwt | $9.96 lower | 423 | 3 |
| 800-899 lb | 351.47/cwt | $4.67 higher | 957 | 3 |
Boxed beef
National · PM close · Oct 29 USDAChoice $367.28, $1.72 lower. Select $351.63, $3.62 lower. The Choice–Select spread stands at $15.65. 101 loads traded.
Fed cattle
National · Negotiated cash, week to date USDA17,855 head traded Oct 23–Oct 29.
| Region | Basis | Price | Head |
|---|
| Iowa-Minnesota | Dressed Delivered | 356.39 | 2,210 |
| Iowa-Minnesota | Dressed FOB | 355.00 | 256 |
| Iowa-Minnesota | Live Delivered | 224.25 | 42 |
| Iowa-Minnesota | Live FOB | 223.81 | 6,750 |
| Nebraska | Dressed Delivered | 350.74 | 5,400 |
| Nebraska | Dressed FOB | 352.57 | 1,130 |
At the Iowa barns
USDA market reporters, as filed USDACompared to the auction two weeks ago most steers sold steady to 2.00 lower, instances 20.00 lower on 6 and 7 weight steers. With yearlings over 800 lbs 12.00 to 19.00 higher. Heifers, while not well compared, sold with a lower undertone.
Lamoni Livestock Auction · Iowa
Slaughter cattle sale today: Compared to last week. Choice steers and heifers were steady- .50 higher, Dairy steers no comparison due to low receipts last week. slaughter cows no comparison due to last weeks receipts were low, higher undertone was noted. Trade active. Demand good.
Kalona Livestock Auction · Iowa
Cows and bulls
National direct, dressed USDA| Class | Price | Direction | Head |
|---|
| Breaker (75% lean) | 251.86/cwt | $7.57 higher | 534 |
| Boner (85% lean) | 246.89/cwt | $4.42 lower | 1,732 |
| Cutter (90% lean) | 250.79/cwt | $3.98 lower | 3,756 |
| Premium White | 262.84/cwt | $1.79 lower | 1,273 |
| Bull (92% lean) | 304.92/cwt | $4.97 lower | 317 |
Every USDA report carried this date is listed in the archive.